Casino Royale Epix

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Casino Royale Epix

MGM, who still haven't got a theatrical distribution arm and fumbled all last year with an attempted buyout by Chinese investors, managed to find over $1 billion of funding to buy out their partners in the Epix pay TV channel in the USA. Viacom and Lionsgate got $1.031 billion to give control to the lion.

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Epix consists of four pay-tv channels in the USA, and as part of the deal, Paramount Pictures and Lionsgate have committed first-runs of their new movies on the platform in a multi-year deal.

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Epix Launches October 30. Casino Royal was a spoof of the James Bond series featuring an all star cast of Peter Sellers, David Niven, Ursula Andress, Woody Allen, plus a bunch of cameos by Orson Wells, William Holden, John Houston, and others. Casino Royale is a worthy exception to the rule that reboots are pointless and underwhelming, delivering just the sort of reinvention that the franchise needed. It may even be the best film in the.

'The addition of Epix provides MGM with a premier distribution platform that complements our strong stable of new and library content in both film and television,' Gary Barber, chairman and CEO of MGM, said Wednesday in a statement.

Since MGM has shrunk in size and can't fund the budgets of major new films by itself, its revenues have skewed towards television production and milking its back-catalog. The Epix deal is another sign of where the studio's focus is.

Meanwhile, EON can't start production on Bond 25 until MGM find a co-financier and distributor for 007, or MGM sells it's 50% ownership of the Bond rights to someone else.